{"id":3066,"date":"2021-12-28T03:35:26","date_gmt":"2021-12-28T03:35:26","guid":{"rendered":"http:\/\/egrowonline.com\/?p=3066"},"modified":"2021-12-28T03:35:26","modified_gmt":"2021-12-28T03:35:26","slug":"bitcoin-can-hit-333k-parabolically-if-this-btc-price-fractal-plays-out","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=3066","title":{"rendered":"Bitcoin can hit $333K &#8216;parabolically&#8217; if this BTC price fractal plays out"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-v-128018ef=\"\">\n<p>Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) could target a massive $333,000 by May 2022 if the U.S. Federal Reserve provides a &#8220;perfect storm&#8221; of low rates, a new prediction argues.<\/p>\n<p>Updating an uncannily accurate price forecast on Dec. 27, filbfilb, co-founder of trading platform Decentrader, drew dizzying conclusions about BTC price action next year.<\/p>\n<h2>Analyst: &#8220;You don&#8217;t have enough crypto&#8221; for 2022 bull run<\/h2>\n<p>After acting almost to the letter throughout 2021, BTC\/USD stands to make huge gains in the coming six months if conditions remain the same.<\/p>\n<p>The Fed is poised to make two interest rate hikes next year, and these are likely priced in, pundits say \u2014 but a surprise change of tact could have far-reaching consequences.<\/p>\n<p>For Filbfilb, analyzing Fibonacci sequences alongside historical price action in previous halving cycles, Bitcoin could surge past $300,000 as a result of Fed officials toning down rate hikes.<\/p>\n<p>&#8220;To get there parabolically, we would probably need a perfect storm of the Fed being unable to raise rates (which are probably priced in) and heightened inflation, leading to a flight to safety in BTC,&#8221; he told Cointelegraph.<\/p>\n<p>An accompanying chart, posted on Twitter in December 2018 as BTC\/USD bottomed out at $3,100, shows just how predictably the price action has run since.<\/p>\n<p>&#8220;Price is exactly where predicted,&#8221; Filbfilb <a target=\"_blank\" href=\"https:\/\/twitter.com\/filbfilb\/status\/1475467753263874050\" rel=\"noopener nofollow\">told<\/a> Twitter followers. <\/p>\n<blockquote><p>&#8220;You don&#8217;t have enough crypto for what will happen in 2022.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/66a494ff-29e8-4392-9d9d-7e5c2af16651.png\" \/><figcaption style=\"text-align: center\"><em>BTC\/USD annotated chart. Source: filbfilb\/ Twitter<\/em><\/figcaption><\/figure>\n<p>As astounding as it may sound, such a scenario is \u2014 at least technically \u2014 not as far-fetched as it seems.<\/p>\n<p>Signs are already pervading the market, as more and more indicators line up to demand a breakout to the upside. Even low-timeframe data is encouraging \u2014 Dec. 27, for instance, saw BTC\/USD close a four-hour candle above the significant 200-day moving average (MA) for the first time in six weeks.<\/p>\n<p>The last time that an uptrend achieved the same feet was in late September, at the start of a run-up which produced the current $69,000 all-time highs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BTC 4hr:<\/p>\n<p>Candle closes in about an hour.<\/p>\n<p>It could be the first close above the 200ma in 6 weeks.<\/p>\n<p>Price action prior to the last cross looked similar.<\/p>\n<p>This time? <a target=\"_blank\" href=\"https:\/\/t.co\/sMkFMEB9Ky\" rel=\"noopener\">pic.twitter.com\/sMkFMEB9Ky<\/a><\/p>\n<p>\u2014 Nunya Bizniz (@Pladizow) <a target=\"_blank\" href=\"https:\/\/twitter.com\/Pladizow\/status\/1475478447728304128?ref_src=twsrc%5Etfw\" rel=\"noopener\">December 27, 2021<\/a><\/p><\/blockquote>\n<h2>Stocks could win big \u2014 but not for long<\/h2>\n<p>On the topic of macro movements, the future looks bright for stocks as well amid a cooling U.S. dollar, commentators argue \u2014 even if rates do increase as expected.<\/p>\n<p><strong><em>Related:\u00a0<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/countdown-to-the-yearly-close-5-things-to-watch-in-bitcoin-this-week\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/countdown-to-the-yearly-close-5-things-to-watch-in-bitcoin-this-week\/amp\" rel=\"noopener\">Countdown to the yearly close: 5 things to watch in Bitcoin this week<\/a><\/em><\/strong><\/p>\n<p>George Gammon, author of investing newsletter Rebel Capitalist Pro, was upbeat as the last week of 2021 began.<\/p>\n<p>&#8220;I think you may see Stock Market go way up in next couple months as &#8220;end of pandemic&#8221; narrative continues,&#8221; he <a target=\"_blank\" href=\"https:\/\/twitter.com\/GeorgeGammon\/status\/1475157315128999936\" rel=\"noopener nofollow\">forecast<\/a>.<\/p>\n<blockquote><p>&#8220;This gives Fed cover to raise rates after QE zero. After market digests &amp; realizes economy has been decimated, then sees impact of higher rates, downside could be big.&#8221;<\/p><\/blockquote>\n<p>The impact on Bitcoin in such a scenario would thus depend on its correlation with stocks, and whether it could rebound from a sudden downturn like the one Gammon suggests in a manner similar to <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-sheds-dumb-money-as-retail-buys-most-btc-since-march-2020-crash\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/bitcoin-sheds-dumb-money-as-retail-buys-most-btc-since-march-2020-crash\/amp\" rel=\"noopener\">March 2020<\/a>.<\/p>\n<p>Regardless, popular opinion remains convinced that the peak <a target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1474103409502523392\" rel=\"noopener nofollow\">is not yet in<\/a> for Bitcoin after the about-turn in early December.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-can-hit-333k-parabolically-if-this-btc-price-fractal-plays-out\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) could target a massive $333,000 by May 2022 if the U.S. Federal Reserve provides a &#8220;perfect storm&#8221; of low rates, a new prediction argues. Updating an uncannily accurate price forecast on Dec. 27, filbfilb, co-founder of trading platform Decentrader, drew dizzying conclusions about BTC price action next year. Analyst: &#8220;You don&#8217;t have enough [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[2628,50,194,2630,133,2629,507,195],"class_list":["post-3066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-333k","tag-bitcoin","tag-btc","tag-fractal","tag-hit","tag-parabolically","tag-plays","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYTJmOGQwZjQtNzhmMy00ZWM1LTllZjYtMmZlNWJiZWVmYzcwLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3066"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3066\/revisions"}],"predecessor-version":[{"id":3068,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3066\/revisions\/3068"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/3067"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3066"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}